Omaha daily bee., 1887-03-27
WEEKLY BUSINESS REVIEW.
No Changes Of Importance in Financial
Affairs.
FOREIGN ExcHANoEiN REQUEST
A Remarkably Steady Feeling Pre-
walls In the Produce Markets.
Eastern Merchants Replen.
ishing Their Stocks.

Eastern Merchants Replen.
ishing Their Stocks.
The Week In the Commercial W orld.
CHICAGO. March 90 Special Telegram to
the BEE. There have been no very import
ant changes to note in financial affairs this
week. Locally there is quite good demand
for money and largely of miscellaneous
character. Among spectators there was
less borrowing than during the previous week
or two as trading has been smaller, and
there has no doubt been q moderately free
settlement of contracts in articles which
have been subjected to squeeze" conse-
quently considerable money has been re-
leased. This, however, has had no partlcu-
lar effect on the money market as the money
was deposited rs margins with the banks,
and therefore was merely transferred on the
books, Still. there is a large amount OF
money tied up on contracts for wheat. corn,
pork, lard and short ribs sides, but that no
doubt will be gradually released during the
coming five weeks. Rather more currency
was forwarded to the interior during the past
three or four days, as shippers OF
grain and produce are anxious to
forward all the property they
can before 1.-THE new Interstate
dition of affairs exists in the wholesale mer-
camille trade, and interior merchants are en-
larglpg their stocks materially before the ad-
vance in freights under the new order of af-
fairs. The lumber interest Is moderate bor-
rover at the banks, as is usually the case
about the season of the opening OF lake pavl-
cations. Bankers are well supplied with
loanable funds and borrowers who are able to
present satisfactory collaterals or endorse
ments succeed in obtaining all the favors re-
uuired. Rates of interest are well main-
tanned at per cent on call and 6@S per cent
on time loans, and 1t is understood that only
large sums can be obtained at inside figures
Outside paper is not much in favor and very
little is accepted oven at per cent. On the
street there is more doing and rates are firm
at 7(6S per cent The New York money mar
ket is reported steady at good demand for
money at about former rates of interest. The
Boston money market has gradually grown
closer, and considerable stringency prevails.
Abroad the leading financial markets
show no material change. Loanable funds
appear to DO plenty, with no particular
increase in the demand for money. The
reduced to per cent. New York exchange
was In fair supply, and the demand only
moderate. Rates were trifle irregular and
sales were made between banks at 6o(geo
75@sO cents. Foreign exchange was in
better request during the past week and Of
fferings were not quite, so large. me par.
ket was stronger and rates ruled higher.
London changed hands at 4s284SSsI, and
closed steady at 4S3l l4094S33%. The New York
stock market exhibited very little life during
the past week and the volume of business
transacted was smaller than for several
weeks past. The uncertainties regarding
the Baltimore & Ohio combination has had
tendency to cheak trading, rs operators have
been waiting TOR consummatlon OF the
leader for the upward movement in all lead
ing stocks. Chicago operators have trans
ss5eS staeSs Saypr little The wseh ouSness as the a
fluctuations in prices were not sufficient to
attract speculative attention, and no features
were presented to induce even ordinary trad.
ing. Ina general way the market has ruled
comparatively steady and changes IN prices
were confined within q narrow range, with
very few exceptions. Outside operators ap-
pear to be neglecting the stock market and
the usual heavy operators in eastern financial
centers are not inclined to do much trading
at present The interstate commerce law
will 60 into effect April 5, and the effect of
the new order of things on the leading rail-
road lines viz be watched with ,c considerable side
change for the week reached only 100000
shares. The produce markets attracted very
little attention during the week. A remark.
ably steady feeling prevailed throughout and
very limited range. Small operators as
general rule we're not inclined to trade Or
ders from outside parties, either to purchase
or sell, were lighter than usual, and leading
operators were disposed to throw their
weight on either side of the market or create
influences tending to change the quiet con-
dition of affairs The undertone to the mar
kets generally suggests considerable timidity
among operators fearful that the market may
be controlled by combinations quietly made,
and prices suddenly advanced or declined.
Besides !he capital locked up IN maTgins is
many leading firms without seeking financial
assistance from banks, and they do not feel
warranted in paying high rates OF interest
stances. The shipping trade is Improving.
| and no trouble is experienced in disposing OF
| quiet liberal receipts Of grain and produce.
| Merchants in the eastern markets are re.
rates of freights can be obtained. The re.
ceipts of grain and provisions were moder-
ately large and shipments quite liberal, For.
eign markets have not .. DEVELOPED
and eastern markets have not shown much
activity in speculative way, though the ex-
port business has been we'll maintained. The
arrivals Of live stock were m3dera!ey i,I! iree rec
| is somewhat in excess OF the returns of last
year to date. The stocks of grain and pro
| visions are being gradually reduced Inc
former are larger and the latter are smaller
| than last year at this time. Petroleum was
| inclined to auietness during the past week
| Outside operators are not inclined to do
much and fluctuations in prices were slight
No features were presented to attract trad
| ing. Sales on the New York petroleum eX-
| change reached 1885, barrels. The open-
| ing sales were made at 64c, sold at 69@64I4 &c
| and closed rather quiet at 63ssc.
Nebraska and Iowa Weather.
For Nebraska: Snow, followed by fair